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Recent amendments by DGFT in IEC registration process?

Export-import entities have been encountering numerous difficulties in the entire process of IEC registration and IEC modification due to, inter alia, technical glitches such as internet browser errors and disrupted browser settings of DSCs (digital signs). In order to cope with the abovementioned hitches, the Directorate General of Forei...

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Posted Under: DGFT |

All New Process of Applying Import And Export Code

 Q 1. What is the technical requirement for filing an Import And Export Code (IEC)? Ans: (i) A valid PAN (ii) Valid Mobile Number and Email (iii) Scanned copy of the documents to be Q 2. How to apply for new IEC application? Ans: On the DGFT website under Quick links select Apply for New […]...

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Posted Under: DGFT |

DGFT & CBIC: Real doomsayers of Indian Economy? 1st Story

As far as I understand, the export promotion policy is put in place to promote the exports from India. However, I doubt it very much, the way; the Indian bureaucracy formulates & implements the same. The transaction costs of export administration are so high within the system that even the incentives have no meaning because the exporters ...

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Posted Under: DGFT |

Advance Authorisation /Duty Exemption Scheme: Why cheating with exporters?

This is a story about the elite IAS, ITS & IRS housed in the Udyog Bhawan & the North Block. I always thought that these officials would be able to think through the problem & formulate policy & procedures, which would be easy, transparent & easy to understand for the beneficiaries & easy to implement but alas that is not to be. ...

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Posted Under: DGFT |

Relevance of Certain Provisions in FTP (2015-20) with regard to EOU

Condition of Manufacturing for 100% EOU Units- The business has started to look at the market in a global sense for some years now and cross-border trade has become a routine business today. In such a scenario exporters of goods whether manufactured or traded, play a huge role in improving the economic status of this country owing to Fore...

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Posted Under: DGFT |

Why export promotion policy favour defaulters & punish efficient exporters- Part 2

In this second part, we deal with the legalities & the policy provisions regarding the clubbing & redemption. The latest policy provision made Vide Public Notice No. 32/2015-2020 dtd. 18.10.2017 reads as under:...

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Posted Under: DGFT |

Why export promotion policy favour defaulters & punish efficient exporters- Part I

The law is not a rational code. The law is an ass & the bureaucracy is responsible for it. These are all well known but then even a beneficial Export Promotion Policy will be afflicted by it is very difficult to digest but then always trust the miraculous Indian bureaucracy for cracking a poor joke....

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Posted Under: DGFT |

Stepping into international market? Know requirements here!

The business once expanded in the Indian Market needs to step into international market to churn out more financial benefits from the business. Today, thousands of businesses in every country wholly or partially depend on the export of goods to cater their financial needs and rewards. ...

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Posted Under: DGFT |

Export Promotion: DGFT & CBEC- Why bureaucracy rejoices in failure of clean administration—Part 2

In this 2nd part of the article, I bring to the kind notice of the readers that how the DGFT builds in the loopholes in the system to facilitate the unscrupulous exporters. Take the example of an Advance Authorization (AA). ...

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Posted Under: DGFT |

Export Promotion: DGFT & CBEC- Why bureaucracy rejoices in failure of clean administration- Part 1

The DGFT started with the computerization of the DGFT network in 1995 but even after a lapse of 20 years till date they have not been able to achieve the same. The reason is simple because no bureaucrat ever wants the power to slip from their hands or the opportunity to harass the exporters....

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Posted Under: DGFT |
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